AMD Options History — February 2008

In February 2008, AMD traded between $6.28 and $8.00. ATM implied volatility averaged 64.3%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded below realized volatility by 12.8% (HV 20d: 77.1%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.55.

Notable Days

2008-02-07: Highest Volume — 45,231 contracts
2008-02-13: Largest IV drop — 28.1% change
2008-02-06: Highest IV Rank — 57.9%
2008-02-08: Largest Expected Move — 21.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.89	$6.28	$8.00	$8.00	$7.21
Max Pain	$7.00	$7.00	$7.00	$7.00	$7.00
ATM IV	64.3%	53.7%	78.0%	54.9%	57.2%
Expected Move	18.5%	15.7%	21.9%	15.7%	16.4%
HV 20d	77.1%	60.9%	95.1%	90.2%	63.1%
HV 60d	67.4%	64.9%	68.4%	64.9%	68.4%
IV Rank	41.3%	28.3%	57.9%	29.8%	32.6%
IV Percentile	84.3%	74.6%	94.8%	80.6%	75.4%
Term Structure	9.5%	3.9%	13.5%	6.4%	10.9%
VWIV	64.8%	55.5%	75.2%	56.9%	57.7%
Skew 25d	9.2%	5.9%	12.0%	11.1%	8.3%
Skew 10d	19.3%	12.1%	25.3%	24.2%	16.6%
Call IV 25d	62.2%	50.0%	70.7%	55.9%	56.0%
Put IV 25d	71.5%	60.8%	81.2%	66.9%	64.3%
Bid-Ask Spread %	4.16	3.18	5.24	4.13	4.85
Gamma HHI	0.13	0.12	0.15	0.14	0.14
Net GEX	-95.5K	-379.6K	442.4K	441.4K	14.3K
Net DEX	106.0M	50.9M	126.0M	50.9M	102.1M
Net VEX	-1.9M	-2.3M	-1.7M	-2.3M	-1.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.17	1.25	0.34	0.42
Total Volume	24,221.7	13,495	45,231	25,557	15,793
Total OI	1,167,294.65	1,113,526	1,206,803	1,161,952	1,170,635

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2008-02-01	$8.00	$7.00	54.9%	15.7%	90.2%	29.8%	56.9%	11.1%	6.4%	441.4K	50.9M	-2.3M	0.34	4.13	19,121	6,436	566,586	595,366
2008-02-04	$7.92	$7.00	58.4%	17.6%	84.3%	34.1%	62.7%	10.0%	9.5%	442.4K	52.3M	-2.2M	0.23	4.80	17,361	3,941	565,529	595,634
2008-02-05	$7.21	$7.00	70.5%	19.9%	91.4%	48.7%	67.3%	9.7%	6.2%	160.6K	85.4M	-2.0M	0.74	3.99	21,705	16,156	567,086	596,623
2008-02-06	$6.74	$7.00	78.0%	20.6%	95.1%	57.9%	73.6%	12.0%	6.9%	-41.1K	105.1M	-1.9M	0.43	4.73	23,474	10,040	573,251	604,493
2008-02-07	$6.59	$7.00	74.3%	20.2%	90.1%	53.3%	72.1%	11.2%	6.5%	-149.7K	116.1M	-1.8M	0.41	3.74	32,107	13,124	581,377	603,992
2008-02-08	$6.34	$7.00	74.3%	21.9%	88.0%	53.4%	75.2%	10.1%	3.9%	-142.8K	119.4M	-1.8M	0.40	3.94	16,371	6,610	598,809	606,608
2008-02-11	$6.28	$7.00	76.2%	21.5%	86.5%	55.6%	74.7%	11.0%	7.3%	-233.4K	126.0M	-1.7M	0.72	4.85	10,960	7,900	583,849	606,937
2008-02-12	$6.41	$7.00	74.7%	20.8%	86.3%	53.8%	70.4%	8.8%	8.1%	-179.7K	121.3M	-1.8M	0.39	3.90	11,826	4,591	587,151	609,916
2008-02-13	$6.70	$7.00	53.7%	18.7%	85.9%	28.3%	66.7%	6.0%	11.4%	4.9K	112.7M	-1.9M	0.43	3.84	9,406	4,089	591,422	609,064
2008-02-14	$6.53	$7.00	66.8%	19.1%	82.8%	44.2%	71.9%	9.7%	12.3%	-293.2K	112.9M	-1.8M	1.10	4.26	12,174	13,452	592,299	610,194
2008-02-15	$6.45	$7.00	72.7%	20.8%	81.8%	51.4%	69.9%	10.5%	10.1%	-370.4K	119.1M	-1.7M	0.63	4.13	11,123	6,983	592,128	614,675
2008-02-19	$6.50	$7.00	69.8%	20.0%	71.3%	48.0%	66.1%	7.9%	10.6%	-379.6K	120.1M	-1.7M	0.44	4.56	10,452	4,644	526,878	586,648
2008-02-20	$6.83	$7.00	61.5%	17.6%	72.8%	37.8%	62.2%	9.4%	13.5%	-328.6K	113.2M	-1.8M	0.34	3.18	19,712	6,616	529,660	586,145
2008-02-21	$6.96	$7.00	58.2%	16.7%	62.7%	33.9%	58.7%	9.2%	12.0%	-162.1K	105.8M	-1.9M	0.87	3.91	19,947	17,396	539,066	587,769
2008-02-22	$6.71	$7.00	61.2%	17.6%	63.7%	37.5%	62.4%	5.9%	8.4%	-258.0K	120.9M	-1.8M	0.54	3.30	13,956	7,482	545,278	596,167
2008-02-25	$6.97	$7.00	58.1%	16.7%	62.4%	33.8%	58.5%	8.8%	9.6%	-189.2K	116.7M	-1.8M	0.17	3.96	18,378	3,181	548,052	596,346
2008-02-26	$7.13	$7.00	55.0%	15.8%	60.9%	29.9%	56.0%	7.3%	12.1%	-103.4K	107.7M	-1.9M	1.25	3.46	13,563	16,907	556,568	596,894
2008-02-27	$7.28	$7.00	55.9%	16.0%	61.0%	31.1%	55.5%	11.2%	10.8%	-60.7K	103.3M	-1.9M	0.43	5.24	15,441	6,568	559,786	599,929
2008-02-28	$7.02	$7.00	55.6%	15.9%	62.1%	30.6%	56.6%	6.8%	12.7%	-82.1K	109.6M	-1.8M	0.65	4.55	9,354	6,094	564,904	602,179
2008-02-29	$7.21	$7.00	57.2%	16.4%	63.1%	32.6%	57.7%	8.3%	10.9%	14.3K	102.1M	-1.9M	0.42	4.85	11,122	4,671	568,691	601,944